Dreamus to Spearhead Live performance Ticketing in South Korea by way of NFTs

South Korean leisure big, Dreamus, the corporate behind internationally acknowledged Okay-pop stars Twice, Psy, and MissA, has rolled out a newfangled live performance ticketing system by NFTs on its guardian firm, SK Planet’s, loyalty rewards app, OK Cashbag.

By tapping into OK Cashbag’s 100 million loyalty customers and leveraging Avalanche digital property, these eager to attend forthcoming Dreamus’ occasions can now rapidly safe safeguarded tickets for notable Okay-pop live shows and past by way of the platform. Already, OK Cashbag grants entry to the ‘Seoul Jazz Competition’ and the traditional musical, ‘Phantom of the Opera’, owing to current ticket issuance on-chain by way of the UPTN Subnet.

Totally different from typical NFTs obtainable on secondary marketplaces like OpenSea, the Avalanche-based ticket passes provide a particular aptitude. By integrating a QR code that solely involves life through the day of the occasion, the ‘Blockchain Ticket Complete Answer Service’ ensures unique entry for the unique purchaser solely, proscribing illicit entry for these eager to attend an occasion utilizing another person’s ticket.

The app does, nevertheless, have plans within the pipeline to launch a secondary market with loyalty options.

SK Planet subsidiary and Korean leisure big Dreamus is launching a ticketing platform powered by Avalanche and SK Planet’s UPTN Subnet.

Let’s check out why it is a huge win for blockchain ticketing and actual world use instances 🎟️🔺 pic.twitter.com/f9JVKsxoaT

— Avalanche 🔺 (@avax) September 21, 2023

The Far-Reaching Results of NFT Ticketing

Dreamus’ live performance NFTs resonates with different trade influencers and giants, together with the Web3 entrepreneur Gary Vaynerchuck, who grants unique entry to his Veecon conferences to bearers of his broad VeeFriends NFT assortment.

Furthermore, the next-gen ticketing platform Get Protocol not too long ago raised $4.5 million in funding to make use of NFTs to entry live shows, reveals, and occasions, because it goes head-to-head with the trade big, Ticketmaster.

NFT-Tix is one other power within the NFT ticketing trade value giving a shout out, providing on-chain passes to occasion attendees of great occasions like Unum and EXIT Festival, granting once-in-a-lifetime alternatives as added advantages. 

Nonetheless, the foremost perk of NFT ticketing contains overriding faux tickets and scams. As a result of blockchain working like a register that may’t be altered and is safeguarded, particulars saved on-chain assist prospects make wiser decisions — stopping secondary market misuse, faux tickets and scalping.

Such strides are instrumental in reshaping our dwell leisure sector, affirming the blockchain’s significance within the leisure realm. Dreamus is now tuning into NFT ticketing to guide the cost.

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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our website moderators and are meant as instructional materials solely. People are required to totally analysis any product prior to creating any form of funding.

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